The hottest foreign capital accelerates to seize t

  • Detail

Foreign capital is accelerating to seize China's "new kinetic energy" industry

foreign capital is accelerating to seize China's economic "new kinetic energy" industry. According to the data released by the Ministry of Commerce recently, from January to October, flexible packaging manufacturers basically do not need significant structural changes in China's attraction of foreign investment, and the momentum of attracting investment in high-tech manufacturing and service industries is strong. Other data shows that in addition to high-end manufacturing, it, environmental protection and new energy industries with obvious "new kinetic energy" attributes will also become hot spots for foreign capital layout

in an interview with economic information daily, relevant experts said that as China's economy continues to stabilize and improve, coupled with the intensive release of a series of policies to promote foreign investment, it has not only boosted foreign investment confidence, but also brought more investment opportunities. In the future, China will further reduce the entry threshold, expand the fields open to foreign investment, introduce more preferential policies for promoting foreign investment that are in line with China's industrial upgrading and transformation, and accelerate the development of intelligent manufacturing, environmental protection and other fields

the new shift to "new kinetic energy" industries has become a hot spot in the layout of foreign investment

data recently released by the Ministry of Commerce showed that from January to October, 26174 foreign-invested enterprises were newly established across the country, an increase of 15.9% year-on-year; The actual amount of foreign capital used was 678.7 billion yuan, an increase of 1.9% year-on-year. At the same time, the structural change of attracting foreign investment is significant. The growth rate of attracting foreign investment in manufacturing industry is three times that of attracting foreign investment as a whole, mainly flowing into technology intensive manufacturing industry

From January to October, the actual use of foreign capital in the manufacturing industry was 19.91 billion yuan, an increase of 6.1% year-on-year, accounting for 28.9% of the total foreign capital. The actual use of foreign capital in high-tech manufacturing was 56.65 billion yuan, an increase of 22.9% year-on-year, of which the electronic and communication equipment manufacturing industry, computer and office equipment manufacturing industry, medical equipment and instrumentation manufacturing industry increased by 26.4%, 46.9% and 28.8% year-on-year

as an important place to attract foreign investment, Shanghai currently accounts for more than 80% of the total industrial output value of foreign-funded manufacturing and high-tech industries in the city. Since 2016, the newly established foreign-invested enterprises in Guangdong Province have mainly focused on new materials, biotechnology, intelligent robots, high-end chips, 3D printing, unmanned aerial vehicles and people, but the difficulty lies in the production of jigs, industrial intelligence and so on

Zhang Jun, chief economist of Morgan Stanley, said in an interview with economic information daily that objectively speaking, there is no significant change in the total amount of foreign investment in China, but great changes have taken place in the structure. "With the development and upgrading of China's manufacturing industry and the rise of labor costs in recent years, some foreign-invested enterprises began to transfer their manufacturing bases to Southeast Asia, Latin America and other countries with low local consumption levels and low labor costs. At the same time, more foreign capital began to increase investment in China's emerging manufacturing and modern service industries. This increase in investment is essentially a result of the acceleration of China's economic development Structural transformation and upgrading trend. On the whole, China is attracting foreign investment from quantity to quality. " Zhang Jun told

"the transformation and upgrading of China's economic structure has achieved initial results, and the manufacturing industry has accelerated to the direction of science and technology, informatization and intelligence. With their own technological advantages, foreign investors in Europe, America and Japan have fully seized the key opportunities of China's manufacturing industry upgrading, and increased their investment in China's manufacturing industry, especially high-tech manufacturing." Pangchaoran, an assistant researcher at the Research Institute of international trade and economic cooperation of the Ministry of Commerce, said in an interview with economic information daily

dual engine industrial upgrading activates development potential

experts said that under the background of China's economy entering the stage of high-quality development from the stage of high-speed growth, China's market potential is still huge, which effectively boosted foreign investment confidence

recently, many institutions have raised their expectations for China's economic growth. Goldman Sachs said that as new technologies and new consumption are becoming the new driving force of China's economy, China's economic growth rate in 2018 is expected to increase from 6.3% to 6.5%. Reuters, based on the estimates of 36 economists, raised China's economic growth rate by 0.2 percentage points to 6.8% in 2017

"as the world's second largest economy, China's economy will maintain an average annual growth rate of more than 6.5% during the 13th Five Year Plan period, and China will remain one of the fastest growing markets in the world. In the U.S. and European investment in China, capital and technology intensive large projects are increasing. Among the investors, there are some well-known multinational companies. Volkswagen, BMW, Audi, Siemens, BP, Air Liquide, IKEA and other companies are significantly increasing their investment in China. This shows the confidence and determination of multinational companies to root in China and deepen their development. " Pang Chaoran told

HSBC pointed out that under the current background of China's emphasis on the quality of economic growth and industrial upgrading, it is expected that China's high-end manufacturing, it, environmental protection and new energy industries will usher in a new era of industrial upgrading and development in the future, which will bring investment opportunities to foreign investors

it is worth mentioning that the series of policies for promoting foreign investment introduced since this year not only further released dividends, but also provided "forward-looking guidance" in the field of foreign investment in China. For example, the State Council issued the notice on several measures to expand opening-up and actively use foreign capital, which pointed out that foreign-invested enterprises and domestic enterprises are equally applicable to the "made in China 2025" strategic policies and measures to encourage foreign investment in high-end manufacturing, intelligent manufacturing, green manufacturing, etc. The 2017 edition of the catalogue for the guidance of foreign investment industries issued by the Ministry of Commerce and the national development and Reform Commission further expanded the scope of incentive policies

"The catalogue for the guidance of foreign investment industries insists on continuing to encourage foreign investment in advanced manufacturing, high and new technology, energy conservation and environmental protection, modern service industry and other fields. Among the restrictive measures, the manufacturing industry has focused on eliminating the access restrictions in the fields of rail transit equipment, automotive electronics, new energy vehicle batteries, motorcycles, edible oils, fuel ethanol and so on, and continues to encourage the opening of intelligent manufacturing, environmental protection and other fields. These are also expected to become foreign investors New outlets for investment. " Pang Chaoran pointed out

experts said that in terms of the hot areas of foreign capital distribution, it is not only the focus of China's economic development in the future, but also has great growth potential. "The direction of China's industrial upgrading is high-end manufacturing and high-end service industry, especially manufacturing, which has become an important focus of industrial upgrading, and is also the field with the most intense international competition. The environmental protection industry will also achieve great development under the current demand for green development. Due to the high degree of external dependence, energy is one of the bottlenecks facing China's economy. Coupled with the demand for energy upgrading under environmental pressure, the superposition of the two will also form a new energy industry development." Great impetus for the exhibition. " Su Jian, a professor at the school of economics of Peking University, said in an interview with economic information daily

re launch more policies to help structural reform

experts said that in terms of policies to promote foreign investment, the restrictions on the access of foreign investment will be further relaxed in the future. Continue to create a market environment of fair competition, so that foreign-funded enterprises are willing to come, stay and develop well. In terms of the focus of foreign investment, a more optimized structure will be the most important feature of attracting foreign investment in the future

"China's comparative advantage is changing. The technical conditions of torsional shear high-strength bolt connection pair for steel structures gb/t 3632 ~ 3633-1995 is to attract foreign capital with low factor cost. Now it depends on a huge market, well-educated labor, etc. this comparative advantage determines that the medium and high-end manufacturing and service industries will be attracted in the future. Our policy of attracting investment is also changing, with more and more emphasis on the optimization and upgrading of industrial structure And supply side reform. Therefore, we focus on promoting foreign investment in the medium and high-end manufacturing, modern service industry, modern agriculture, etc. we hope. " Yang Changyong, an associate researcher of the Institute of macro economics of the Chinese development and Reform Commission, said

Zhang Jun also believes that in the future, China may introduce more global capital and advanced technology to boost structural reform and transformation. "At the policy level, on the one hand, we should reduce the entry threshold, broaden the fields open to foreign capital, provide national treatment for foreign capital, and participate in market competition fairly; on the other hand, we should provide more preferential policies for foreign capital that is in line with China's industrial upgrading and transformation, such as talent, financing and taxation." Zhang Jun said

in Pang Chaoran's view, in the future, as China's economy continues to transform and upgrade, and the focus of economic structure is adjusted, intelligent manufacturing, environmental protection and other fields will further glow with vitality. On the one hand, foreign investors will increase cooperation with traditional enterprises and strengthen technical cooperation. On the other hand, foreign vc/pe and other institutional investors will also increase investment in start-ups to help a number of powerful and promising Chinese enterprises grow rapidly

Copyright © 2011 JIN SHI